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At March 31, 2016, $GE's indemnifications amounted to $1.5Bil, for which it recognized related liabilities of $0.1Bil. $GE also provided $0.4Bil of credit support, the vast majority on behalf of certain commercial customers aligned with signed disposal transactions planned to close in 2016, & recognized an insignificant liability at March 31, 2016.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.